US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 25
                            CIGARETTE AND TOBACCO
                                PRODUCTS TAXES
    63-2560.  TAX PAYABLE MONTHLY -- RETURNS -- MONTHLY ESTIMATE AND QUARTERLY
RETURNS, PROCEDURE. The taxes imposed hereunder shall be due and payable in
monthly instalments and remittance therefor shall be made on or before the
twentieth day of the month next succeeding the end of the monthly period in
which tax accrued. The taxpayer, on or before said twentieth day of said
month, shall make out a return, upon such forms and setting forth such
information as the tax commission may require, showing the amount of the tax
for which he is liable for the preceding monthly period, and shall sign and
transmit the same to the commission, together with a remittance for such
amount in the form required. Provided, that any such taxpayer may elect to
remit each month, on such forms as the tax commission shall in its discretion
prescribe, an estimate of the tax to be due for each month on or before the
twentieth day of the month next succeeding the end of the monthly period in
which the tax accrued, and a quarterly return to the commission on or before
the twentieth day of the month next succeeding the end of each quarter of
every year, and shall remit therewith the balance of the actual tax due for
the period of the report. Provided further, that every person who shall elect
to remit a monthly "estimate of the tax to be due" as hereinabove described
shall remit each month at least one-third (1/3) of the tax paid during the
previous quarter, or ninety per cent (90%) of the tax actually collected or
owing during the month, whichever is greater.
    The tax commission may also relieve any taxpayer or class of taxpayers
from the obligation of filing monthly returns and may require the return to
cover other reporting periods, but in no event shall returns be filed for a
period greater than one (1) year.
    The tax commission may also, by general rule or regulation, establish
conditions for submission of annual or semiannual reconciling returns by such
taxpayers or class of taxpayers in lieu of quarterly returns.
    The tax commission may also require verified annual returns from any
taxpayer, setting forth such additional information as it may deem necessary
to correctly determine tax liability.